Computer powerhouse Intel announced a $4.0 million investment into Recon Instruments yesterday, marking a strategic move into the Heads Up Display category of wearable technology.
"Wearable computing is a major, accelerating phenomenon that re-defines how we use and interact with information," said Mike Bell, vice president and general manager of the Intel's New Devices Group. "In Recon Instruments, we see compelling technology and a solid strategy to capitalize on the wearable revolution. This is an area of significant focus for Intel Capital, and our investment in Recon Instruments is a key part of our approach to innovation in this emerging space."
Here at Vandrico, we have identified Recon Instruments as high-valued potential for workplace technologies and are happy to see progress with the company.
For more information on the transaction, visit the Business in Vancouver article here: